Category: Business

Adam Milstein knows a lot about real estate and how to break into investing in properties. He’s a Managing Partner at Hager Pacific Properties, a company he helped build back in the 1980s and that owns many expensive commercial properties across California, Illinois and Texas. Milstein is also a respected philanthropist who not only financially supports the Jewish community but is also actively involved with every group his foundation supports. Ideamensch is an independent blog for entrepreneurs and they wanted to know what was important to Adam Milstein in terms of his business, so they interviewed him recently.

Adam Milstein told Ideamensch that he founded Hager Pacific Properties out of a desire to do better than other companies that were offering him work while he attended graduate school. He mentioned that he had previously tried to launch a business selling art to the temples while he still lived in Israel, but he learned that he had to be a little more patient before investing too large in a particular enterprise as he did this one. What Milstein loves about investing in real estate is the ups and downs of the market and the challenges it presents each day. He also says entrepreneurs should be patient because real estate investing takes some time to make money.

Adam Milstein was born in Israel in 1952 and is the oldest of three sons. His father was a building framer and a former veteran of Israel’s first independence war. Adam himself served in the military when he came of age and fought in the Yom Kippur War in 1973. He married Gila Elgrably after returning home from the war and also enrolled at the Technion, Israeli Institute of Technology. He worked with his father in building framing for a few years, but then he relocated to the US and pursued a master’s degree at the University of Southern California. Some years after completing his master’s and cofounding Hager Pacific Properties, he and Gila founded the Milstein Foundation and Sifriyat Pijama B’America, a Hebrew learning program. Adam Milstein is also the Chairman of the Israeli-American Council and several other activist groups.

Hussain Sajwani began DAMAC in 2002 to engage in the construction of commercial, leisure and residential properties in the Middle East. The firm has many investments in real estate and a string of upcoming projects with the contribution of business partners. Hussain led Damac during the July 2008 summer lull which rendered most enterprises bankrupt. He responded abruptly to the crisis by cutting down expenditure costs, raising standards for buyers of the properties and controlling costs. Damac got through the temporary crisis successfully and continued to be a leading construction and real estate firm in the region. Hussain began his career in the food business by supplying food and catering services to staff in the industrial sector of Abu Dhabi. He provided food to the US army in various regions around the world under contract before resigning from the food industry. Hussain stated that the food industry limits one to make only millions and not billions. He explained that supplying food limited the business to low margins and small business possibilities. According to US records, the firm awarded Hussain with 1 million dollars from contracts with the US army. Hussain stated he will continue working with Donald Trump through DAMAC and explained that his relationship with Trump is devoid of political influence.

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